AUDJPY, Another Bearish Momentum?
Hello Fellow Forex Traders, Here's a Technical outlook on AUDJPY!
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Chart Perspective
AUDJPY is breaking out of the ascending broadening wedge pattern. Breaking out of this pattern indicates a potential trend continuation from previous bearish bias. The MACD Indicator already made the death cross. The death cross signals a possibility of downside movement to the target area ahead.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ resistance area .
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AUDJPY"
Support the channel by giving us thumbs up and sharing your opinions in the comment section below!
Chart Perspective
AUDJPY is breaking out of the ascending broadening wedge pattern. Breaking out of this pattern indicates a potential trend continuation from previous bearish bias. The MACD Indicator already made the death cross. The death cross signals a possibility of downside movement to the target area ahead.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ resistance area .
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AUDJPY"
Note
Target 1 Reached, See you on the next target.Trade fermée: cible de profit atteinte
Done Target 2, See ya in the next roadmap!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.